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Price data by
PricesLitecoin

Litecoin News

Litecoin is a cryptocurrency introduced in 2011 using similar code to Bitcoin. Its value proposition lies in its comparative ease of use and transaction time: whereas, at the time of Litecoin’s release, Bitcoin transactions required six confirmations and up to an hour to process, Litecoin billed itself as a more streamlined alternative for merchants. It is considered the first successful “alternative currency,” or altcoin.
  • Image: JRdes / Shutterstock.com

    SEC Acknowledges CoinShares XRP and Litecoin ETF Filings

    Wall Street’s top regulator is mulling over applications from European asset manager CoinShares to approve the world’s first U.S.-based spot XRP and Litecoin exchange-traded funds, a Wednesday filing shows.  The funds would track the performance of XRP, the world’s third-largest cryptocurrency by market cap and Litecoin, which ranks 15th in value. The assets are among the oldest altcoins to enter the market following Bitcoin’s 2009 start.  The SEC said in the filing that comments should be submi...

    NewsMarkets
    2 min read
    Mat Di Salvo
  • Litecoin. Image: Shutterstock

    Litecoin Price Jumps Double-Digits As ETF Speculation Ramps Up

    The price of Litecoin soared by double-digits in the past 24 hours to reach a four-week high of $118, as optimism brews around the potential approval of a Litecoin-based exchange-traded fund. At time of publication, Litecoin is trading at around $117, up 15.1% on the day, per data from CoinGecko. Litecoin's surge followed Canary Capital’s amendment to its S-1 registration form with the U.S. Securities and Exchange Commission (SEC) on January 15, a move analysts interpret as a major step toward r...

    NewsMarkets
    3 min read
    Vismaya V
  • Litecoin on a pile of Litecoin. Image: Shutterstock

    Canary Capital Files for Litecoin ETF Just Days After XRP Move

    Canary Capital announced Tuesday that it has filed an S-1 registration with the U.S. Securities and Exchange Commission (SEC) with the intent of launching a Litecoin exchange-traded fund (ETF). The move comes less than a week after Canary Capital fired an application to launch an XRP-based ETF, following in the footsteps of asset manager Bitwise, which submitted its own XRP ETF application on October 1. Such moves signal continued interest in crypto-backed ETFs, following the SEC’s earlier appro...

    NewsMarkets
    2 min read
    Murtuza Merchant
  • Image created by Decrypt using AI

    Litecoin Price Spikes After CFTC Calls It Commodity Alongside Bitcoin and Ethereum

    Meme coin lovers may be having a great month, but Litecoin (LTC) hodlers are celebrating today with their coin taking the spot as the second best-performing cryptocurrency in the top 100, with a bullish performance in the last 24 hours that saw its price spike nearly 11%. This comes on the fifth day of relatively slow markets, with Bitcoin and Ethereum correcting by less than 2% in the same period. The global cryptocurrency market cap today sits at $2.79 trillion, marking a mere -0.1% change in...

    NewsMarkets
    3 min read
    Jose Antonio Lanz
  • Litecoin price rallied against Bitcoin in the last month. Image: Shutterstock.

    Litecoin Just Had Its Third Halving—Here's What That Means for LTC

    The rate of newly issued Litecoin, the 12th largest cryptocurrency by market cap, has today shrunk in an event called “the halving.” Just like Bitcoin, every four years or so, the supply of Litecoin rewards given out as mining rewards gets cut in half, meaning fewer of the digital coins are created. The idea is to lower the rate of inflation on the network—fewer coins mean higher value per coin. In theory, this should drive up the price, if everything else about the network stays the same. “Lik...

    NewsCoins
    2 min read
    Mat Di Salvo
  • Litecoin is a Bitcoin spinoff.

    Remember Litecoin? The Silver to Bitcoin's 'Digital Gold' Is Soaring

    Earlier today, it was Bitcoin Cash—now, it's Litecoin. The two cryptocurrencies have received renewed interest from investors since Wall Street-backed EDX Markets listed them last week. Both were arguably fading into obscurity but are now soaring—especially Litecoin, which just reentered the top 10 biggest digital assets by market cap. The Bitcoin fork is up 23.6% in the past 24 hours, according to CoinGecko, trading hands for $104.63. That makes it one of the best-performing digital assets rig...

    NewsMarkets
    3 min read
    Mat Di Salvo
  • Dogecoin is the top "meme coin" by market cap. Image: Shutterstock.

    Meme Tokens and NFTs Took Over Bitcoin—Now It's Happening on Dogecoin and Litecoin

    Meme coins are on the rise in unfamiliar places thanks to Ordinals, the project launched in January on the Bitcoin network. It started with an NFT-like effort to "inscribe" assets like artwork and profile pictures onto Bitcoin’s blockchain, but soon evolved to support BRC-20 tokens minted using the same protocol. Now, thanks to the sensation surrounding Ordinal inscriptions and meme tokens on Bitcoin—not to mention the increasingly high network fees that resulted—inscribers have brought the late...

    NewsCoins
    5 min read
    Jason Nelson
  • Litecoin is a Bitcoin spinoff.

    Litecoin Activity Hits All-Time High Thanks to Ordinals Mania

    Ordinal mania has caused increased blockchain activity—but not just on Bitcoin’s network: Litecoin, the 12th largest cryptocurrency by market cap, is experiencing a huge surge in transactions.  Litecoin’s blockchain last week experienced over 584,838 transactions in one day, the highest in its history, according to crypto data website Bitinfocharts.  Activity has since dipped—363,855 transactions took place yesterday—but Litecoin use is still higher than it has ever been.  The cryptocurrency, w...

    NewsBusiness
    2 min read
    Mat Di Salvo
  • Litecoin on a pile of Litecoin. Image: Shutterstock

    Coder Brings Ordinals to Litecoin as Bitcoin Inscriptions Surpass 154K

    Ordinal Inscriptions and the ability to mint content other than transactions on the Bitcoin network have taken the blockchain by storm, with over 154,000 inscriptions created to date, according to Dune analytics. Now, a developer has adapted the Ordinals project for rival proof-of-work blockchain Litecoin. Launched in 2011, Litecoin is a peer-to-peer cryptocurrency designed to be quicker at processing transactions than Bitcoin. Litecoin was created by Charlie Lee, a former Google employee, who s...

    NewsCoins
    3 min read
    Jason Nelson

  • Solana Market Cap Shrinks Below Litecoin in Protracted Descent

    The market cap of the popular proof-of-stake blockchain, Solana, slipped below that of the OG proof-of-work blockchain, Litecoin, according to Coingecko. Once dubbed the "Ethereum Killer," Solana's SOL token began 2022 trading at $178.89, with a market capitalization of $55.09 billion in January 2022. Then came crypto winter, the merge that saw Ethereum—the once proof-of-work blockchain—switch to proof-of-stake, and the fallout from the collapse of cryptocurrency exchange FTX. Now, SOL is curren...

    NewsCoins
    3 min read
    Jason Nelson
  • Litecoin, once a top three coin by market cap, currently sits in the top 20. Image: Shutterstock

    Crypto Exchanges Delist Litecoin Over Privacy Feature Concerns

    Litecoin will be delisted on Bithumb and Upbit, two South Korean Crypto exchanges, over modifications made to the coin that enable greater privacy when conducting transactions. In their notices regarding Litecoin, Bithumb and Upbit stated they were shutting down market support for the 20th-largest cryptocurrency by market capitalization because its newly activated Mimblewimble Extension Blocks (MWEB) network upgrade conflicts with South Korean anti-money laundering (AML) regulation. Upbit pointe...

    NewsCoins
    3 min read
    André Beganski
  • Image: Shutterstock

    Fifth-Largest Bank in U.S. Now Offering Bitcoin Custody Services

    U.S. Bank, the fifth-largest banking institution in the United States, today announced that it has launched custodial services for Bitcoin. Institutional investment managers with private funds in the U.S. or the Cayman Islands can now tap the bank’s service to store their private keys. The bank is working with financial services and technology firm New York Digital Investment Group, or NYDIG, as its first sub-custodian for the service. U.S. Bank previously signed on to administer NYDIG’s planned...

    NewsBusiness
    3 min read
    Andrew Hayward
  • Walmart continues to look at blockchain technology. Image: Shutterstock.

    Litecoin Surges on Debunked Walmart News

    Editor's note: A Monday morning press release that bore Walmart's logo and corporate headquarters turned out to be fake, Walmart announced. Decrypt was among a number of media outlets that published the news. Our story was quickly amended. A press release from what appeared to be Walmart announced that the giant retailer would be accepting Litecoin for payment. Coverage of the news drove Litecoin's price 34.6%, until Walmart announced that the press release was fake. The apparent pump and dump s...

    NewsBusiness
    1 min read
    Liam J. Kelly
  • Litecoin on a pile of Litecoin. Image: Shutterstock

    Litecoin and Dfinity Surged More Than 10% Overnight

    Altcoins Litecoin and Dfinity both made significant overnight gains today as crypto’s global market capitalization inched forward by less than a percent to settle on $2.53 trillion. Litecoin shot up from fifteenth to thirteenth on the cryptocurrency market capitalization leaderboard as the coin's value blew up 16.2% overnight to secure a price of $221.60. Litecoin currently has a market cap of $14.75 billion.  Litecoin was launched in October 2011, almost three years after Bitcoin. It was create...

    NewsCoins
    2 min read
    Tim Hakki
  • PayPal is getting in on cryptocurrency. Image: Shutterstock

    PayPal Launches Crypto Services in UK

    Starting Monday, PayPal’s U.K. customers can buy, sell, and hold Bitcoin, Ethereum, Bitcoin Cash and Litecoin. Customers can buy as little as £1 ($1.3) worth of the cryptocurrencies using their bank account, PayPal balance, or debit card through a crypto tab on PayPal's website and mobile app. The U.K. is the second nation to access these services after the digital payments behemoth rolled out its crypto suite in the U.S. in October 2020. It offers the same four coins to U.S. customers. PayPal...

    NewsBusiness
    2 min read
    Ekin Genç
  • BlockFi. Image: The Focal Project (CC BY-NC 2.0)

    New Jersey Gives BlockFi Another Month Before New Account Ban

    Crypto lender BlockFi is facing lots of questions from state regulators. It just bought a little more time to address some of them. According to BlockFi CEO Zac Prince, the New Jersey Bureau of Securities has extended a deadline to stop offering its BlockFi Interest Account (BIA) in the state to September 2. The state's attorney general originally filed a cease and desist against the company on July 19, demanding that new BIAs, which promise up to 7.5% annual returns on deposited crypto, cease b...

    NewsTechnology
    2 min read
    Jeff Benson
  • PayPal and Bitcoin. Image: Shutterstock

    PayPal Ups Limits on Bitcoin Purchases to $100,000 Per Week

    Online payments firm PayPal today announced it has increased the amount of cryptocurrency U.S. customers can buy via its platform to $100,000 per week. Purchases were previously limited to $20,000 per week. It's also dropped its annual limit. "These changes," it stated in a press release, "will enable our customers to have more choice and flexibility in purchasing cryptocurrency on our platform." U.S. customers (outside of Hawaii) are currently able to buy, sell, or hold Bitcoin, Bitcoin Cash, E...

    NewsCoins
    1 min read
    Jeff Benson
  • Bitcoin miners are calling out Bitmain's new chips. Image: Shutterstock

    Bitmain Releases Mining Machine For Dogecoin and Litecoin: Reports

    At an exposition in Chengdu today, Beijing-based mining hardware giant Bitmain released a new mining machine designed for mining Dogecoin and Litecoin, according to a tweet by blockchain journalist Colin Wu.  Exclusive: On June 19th, Bitmain released the new Litecoin/Dogecoin mining machine L7, with a hashrate of 9500MH/s and 3425W, equivalent to 19 sets of L3+, and the price is $15000, overseas purchase price is reduced by 13%. The delivery time is November 2021. pic.twitter.com/QlursqRPUj — W...

    NewsBusiness
    2 min read
    Tim Hakki
  • NASCAR. Image: Shutterstock

    NASCAR Driver Landon Cassill To Be Paid Entirely In Crypto

    NASCAR driver Landon Cassill partnered with crypto brokerage firm Voyager Digital for the remainder of the 2021 NASCAR season. He will be paid fully in cryptocurrency for the duration of the 19-race sponsorship deal.  “It’s something I’m familiar with, I’m comfortable with it, and I feel like I have a good handle on what I’m willing to risk and what I need to pay my bills,” Cassill said on being paid in cryptocurrency.  According to data site Comparably, salaries in NASCAR range from as little a...

    NewsBusiness
    2 min read
    Scott Chipolina
  • Bitcoin, Ethereum, XRP, and Litecoin. Image: Shutterstock

    Crypto Markets Stabilize, Ending Nasty Slump

    It’s been a week of ups and downs for crypto fans everywhere as the price of Bitcoin continues to yo-yo under the influence of macroeconomic events and growing institutional interest. But the market's stabilizing after it suffered a tough crash late last month.  After briefly crossing $50k on Thursday for the second time this year, Bitcoin’s prices fell the following day, causing the currency to depreciate to a price of $47.7k as of 12 PM UTC today.  Bitcoin’s volatility has been closely pegged...

    NewsCoins
    3 min read
    Tim Hakki
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